5 Days Left for Investors Interested in Offshore Wind in Ninh Thuan

The deadline for submitting applications of interest and registration for conducting surveys and preparing additional planning documents for two offshore wind projects in Ninh Thuan province is approaching. The deadline is set for October 22^nd 2021, as stated in the announcement No. 3721/TB-SKHDT issued by the Department of Planning and Investment of Ninh Thuan Province on September 21^st 2021. The two projects mentioned in the announcement are:

1. Offshore Wind Project V1: Located in the coastal area of Ninh Hai district, Ninh Thuan province, with a survey area of approximately 1,060.09 hectares. The projected capacity for development is around 200 MW.
2. Offshore Wind Project V3: Located in the coastal area of Thuan Nam district, Ninh Thuan province, with a survey area of approximately 912.74 hectares. The projected capacity is around 180 MW.

These two projects are parts of the offshore wind development plan in Ninh Thuan province, which is being implemented by Power Engineering Consulting Joint Stock Company 4 (EVNPECC4). The locations of the two projects are illustrated in Figure 1 below:

Requirements for investor capabilities and experience:

According to the announcement No. 3721/TB-SKHDT issued by the Department of Planning and Investment of Ninh Thuan province on September 21^st , 2021, the following criteria will be used to select investors for conducting surveys and preparing additional planning documents for the offshore wind projects in Ninh Thuan province:

1. Financial capability: Investors must provide documentation demonstrating their financial capability based on the registered investment capital. For self-financed projects, the investor's capital for project implementation must be at least 20% of the proposed total investment (supported by audited financial reports/tax settlement reports for the two most recent years or bank account balance confirmation at the time of application submission). In the case of joint ventures, the ownership ratio of each joint venture member's capital must be at least 30% of the joint venture's capital contribution for project implementation. Preference will be given to investors with a higher proportion of self-financed capital.
2. Experience: Investors participating in direct investment or investors who are members of joint ventures must have appropriate expertise to implement the projects. This must be demonstrated by documentation of investments in renewable energy projects with a total capacity equivalent to or greater than 70% of the registered project capacity. Preference will be given to investors with experience in implementing renewable energy projects of larger scale.
3. Project scale: The registered projects must have a minimum capacity of 200 MW for location V1 and 180 MW for location V3. Preference will be given to investors proposing projects with larger capacities within the exact location.
4. Other criteria: Encouraging investors with experience in implementing offshore wind projects and contributing to social welfare in the province.
5. Investors must commit to the following:

• Bearing all costs related to research, surveying, and preparing additional planning documents and not filing complaints against the province if the project is not included in the power development planning.
• Agreeing to select investors according to the regulations of laws on bidding, auctioning, and investment after the project is included in the additional planning.
• Ensuring the proposed project does not affect security and defense; guarantees environmental safety.
• Contributing more to social welfare in the province.

EVNPECC4 would like to provide additional information about the development potential of the two projects:

Wind Potential:

Based on long-term wind data from 1990 to 2020 (ERA5) [1], both projects have been highly evaluated with an average wind speed at 100m height of approximately 8m/s.

• According to the wind speed distribution chart based on the dataset, wind speeds ranging from 3 to 12 m/s account for over 70% of the occurrences. Specifically, wind speeds between 7 and 12 m/s account for nearly 30% of the occurrences.
• Therefore, the projects can fully utilize high-capacity turbines of 8MW or more.

The monthly average wind speeds for the past 10 years are summarized in Figure 2 and Figure 3 below.

Seabed Depth:

Based on the seabed depth map provided by the National Center for Marine Data and Information, the project areas have an average depth of less than 50m. Specifically:

• Location 1 - Project V1: Average depth of approximately 45m;
• Location 2 - Project V1: Average depth of approximately 15m;
• Project V3: Average depth of approximately 35m.

Please refer to Figures 4 and 5 for more details.

EVNPECC4 hopes to have provided the necessary information for investors' reference and decision-making. Please do not hesitate to contact us for any further assistance or essential information.

Reference:
[1]: Copernicus Climate Change Service C3S, https://cds.climate.copernicus.eu/cdsapp#!/dataset/reanalysis-era5-single-levels?tab=overview